Parkit Enterprise (CVE:PKT) Rating Lowered to Hold at Raymond James

Raymond James lowered shares of Parkit Enterprise (CVE:PKT) from a moderate buy rating to a hold rating in a research report released on Sunday, Zacks.com reports. Raymond James also issued estimates for Parkit Enterprise’s Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.02 EPS, Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.01 EPS and FY2026 earnings at $0.04 EPS.

Parkit Enterprise Stock Performance

PKT stock opened at C$0.55 on Friday. The firm has a market cap of C$124.58 million, a PE ratio of -55.00 and a beta of 1.94. The company has a current ratio of 4.22, a quick ratio of 5.35 and a debt-to-equity ratio of 112.98. The stock has a 50-day moving average price of C$0.53 and a 200-day moving average price of C$0.59. Parkit Enterprise has a 1-year low of C$0.40 and a 1-year high of C$0.83.

Insider Buying and Selling at Parkit Enterprise

In other Parkit Enterprise news, insider Parkit Enterprise Inc. purchased 240,371 shares of Parkit Enterprise stock in a transaction that occurred on Thursday, June 27th. The stock was acquired at an average price of C$0.51 per share, with a total value of C$122,589.21. Over the last quarter, insiders bought 267,371 shares of company stock valued at $138,024. Company insiders own 38.70% of the company’s stock.

About Parkit Enterprise

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. The firm has parking assets across various markets in the United States of America. The firm seeks to invest in the United States.